CENTER FOR ENERGY ACCOUNTING AND SUSTAINABILITY

Under the leadership of Dr. Govind Iyer, the Institute of Petroleum Accounting underwent a transformative rebranding initiative in the summer of 2023. Now named the Center for Energy Accounting and Sustainability, our new identity reflects our steadfast commitment to advancing the future of energy accounting and sustainability, research, education, and industry practices for the benefit of our global community.

The Institute of Petroleum Accounting was created in 1980 to accomplish three principal objectives:

  1. To research and encourage others to carry out research in accounting, finance, taxation, and economic problems of the extractive industries.
  2. To disseminate information about the research activities of the Center and about current developments in the extractive industries through the Petroleum Accounting and Financial Management Journal
  3. To encourage universities and colleges to become actively involved in educational programs related to the extractive industries.

Through its position within the university community, the Center has access to research that directly impinges upon the accounting, finance, tax, and economics issues facing the petroleum industry today. The Center's ties to professional accountants, financial managers, and executives within the extractive industries enable it to stay abreast of the concerns that industry professionals contend with on a day-to-day basis. From the beginning, the Center has enjoyed a strong relationship with the oil and gas industry for the mutual benefit of both. The Center is the conduit through which academic research in the oil and gas industry reaches the working professional.

Mission

The mission of the Center for Energy Accounting and Sustainability (CEAS) includes:

  1. Research Excellence in Energy Accounting, Economics, and Finance: CEAS is dedicated to advancing research in energy accounting, economics, and finance, encompassing both traditional fossil fuels and emerging alternative energy sources. Our focus extends beyond the oil and gas industry, now including sustainability initiatives and compliance requirements to address the evolving energy landscape.
  2. Knowledge Dissemination and Collaboration: CEAS commits to collecting, synthesizing, and disseminating cutting-edge information related to oil and gas accounting, finance, taxation, and economics. Additionally, we extend our scope to incorporate broader sustainability considerations, fostering collaboration with industry partners and encouraging interdisciplinary research both within and outside the Center.
  3. Promotion of Sustainable Practices: Building upon our existing mission, CEAS recognizes the imperative for sustainable practices in the energy sector. We actively engage in research and initiatives that explore sustainable alternatives and practices, incorporating environmental considerations, social impact, and governance principles to guide the responsible evolution of the industry.
  4. Educational Advocacy and Support: CEAS strives to foster interest in the energy industry within both academic and industry communities. In addition to traditional oil and gas, our expanded mission includes supporting colleges and universities in offering educational programs that encompass the broader spectrum of energy-related disciplines, aligning with sustainability goals and industry demands.

Through these mission objectives, CEAS aspires to be a driving force in shaping the future of energy accounting and sustainability, actively contributing to research, education, and industry practices for the benefit of our global community.